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How To Protect Your Construction Company From Bankruptcy

Contractor Bookkeeping

Learn the top reasons why small businesses end up in bankruptcy and what you can do to prevent that from happening to you. Poor cash flow Not bringing enough money in is the main reason why businesses fail. You must have more money coming in than is going out, or you're on the express train to bankruptcy.

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How High Profit Jobs Send Contractors Into Bankruptcy

Contractor Bookkeeping

The problem is high profit jobs have a way of turning into low or no profit jobs and in some cases they can bankrupt your construction company because you bid the project using whatever model you are accustomed to using and in the end you wind up with cash flow problems. Residential Remodel Contractor Building A Home.

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How to Start a Painting Business: 9 Keys to Growth & Success

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing as smoothly as your paint. Here’s a little-known fact about growing a painting business: It can be incredibly cash-hungry. Review your cash flow regularly.

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How to Start a Plumbing Business: 9 Tips for Growth

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing through your financial pipes. Here’s a little-known fact about growing a plumbing business: It can be incredibly cash-hungry. Review your cash flow regularly.

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How to Start an Electrical Business: 9 Tips for Growth

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing like current on a hot line. Here’s a little-known fact about growing an electrical business: It can be incredibly cash-hungry. You need to be a master of your cash flow.

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How to Start a Roofing Business: 9 Tips to Grow & Thrive

Levelset

As you get deeper into the process, you’ll get to tackle challenges with cash flow, marketing, hiring, and more. Keep the cash flowing like water down a valley. Here’s a little-known fact about growing a roofing business: It can be incredibly cash-hungry. You need to be a master of your cash flow.

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The experts have spoken: We can and should be optimistic despite COVID-19

Lets Build

There, we see huge cash flow issues. In this case, one must assume that significant and lasting damage to the economic fabric with lots of bankruptcies, corporate debt fall-outs, and so on will have happened. There is a longer-term business model change phase that comes after this, as well. That is a major concern.